MANILA, Philippines — Consumer purchasing power in the Philippines is projected to rise, BMI Research said, underpinned by steady economic growth and a tight labor market that supports real wage gains. The outlook, however, faces risks from persistently high inflation, declining remittances and elevated household debt levels. In a note to clients, BMI, a unit of the Fitch Group, held a “a cautious but positive” view on consumption in the country, expecting a slowdown in real household spending growth to 4.5 percent this 2026 from 4.7 percent last year. This, BMI said, may weigh on the country’s gross domestic product (GDP), […]... Keep on reading: Philippine purchasing power seen to grow but key risks linger